By Noam Raydan, for Seatrade Maritime. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Despite Pipeline Talks, Hormuz will Remain Key to Iraq's Oil Exports Amid the protracted crisis in the Strait of Hormuz, Iraq has been racing to find new outlets and […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A New Initiative to Expand Iraqi Crude Oil Exports Calls to expand Iraq's oil exports have intensified lately. All such calls focus on a westward direction, suggest unilateral routes, and are governed […]
By Cathrin Schaer and Ismael Adnan, for Deutsche Welle (DW). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Due to the Iran War, Iraq is Running out of Money Because of the blockage of the Strait of Hormuz, Iraq cannot export enough oil […]
By John Lee. Lebanon is preparing to serve as a storage and re-export hub for Iraqi crude oil and petroleum products in the first phase of a planned transit arrangement. Lebanon's Prime Minister Nawaf Salam chaired a meeting on Sunday to review readiness across the relevant ministries and agencies. The meeting addressed logistical and infrastructure […]
By John Lee. A weekly shipping service has been launched linking Abu Dhabi's Khalifa Port with Umm Qasr Port in Iraq, aimed at enhancing trade flows across the region. According to Abu Dhabi Ports (AD Ports Group), the service addresses growing container and Ro-Ro cargo volumes and is designed to strengthen connectivity between Lebanon, Syria, […]
By John Lee. The German Liaison Office for Commerce & Industry in Iraq (AHK Iraq) has announced three new corporate partners specialising in project management, engineering services, and industrial equipment. Omid Project Management (OPM Group) has joined as a Silver Partner. The company is an international project management consultancy and EPCM provider with expertise in: […]
By John Lee. Iraq's Commission of Integrity has recovered more than $3 million in embezzled funds belonging to the Baghdad Municipality, following a favourable ruling by the Lebanese judiciary in support of the Iraqi government. The authority said the recovery was achieved through close coordination with the Iraqi Embassy in Beirut, leading to enforcement of […]
By John Lee. Jetcraft Commercial has delivered two Bombardier CRJ-1000 regional jets to the newly-launched Basra Airlines. The CRJ-1000 fleet is expected to initially serve domestic routes from Baghdad, complemented by regional services to strategic destinations including Dubai, Beirut, and Amman. Basra Airlines, which received its Air Operator Certificate (AOC) in December, is preparing to […]
By Hasan Hamra, for the Carnegie Endowment for International Peace. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The Hezbollah Disarmament Debate Hits Iraq Beirut and Baghdad are both watching how the other seeks to give the state a monopoly of weapons. Click […]
By John Lee. The second session of the Iraq-Lebanon Joint Committee was held on Thursday in Baghdad, chaired by Iraqi Minister of Trade Dr Atheer Daoud al-Ghurairi and Lebanese Minister of Economy and Trade Dr Amer al-Bassat, with participation from representatives of both countries' private sectors. The meeting resulted in the signing of an agreement […]
By John Lee. Iraq's Minister of Oil Hayan Abdul Ghani has held talks in Baghdad with Syrian Minister of Energy Mohammad Bashir, focusing on cooperation in oil, gas, and energy. Discussions covered Iraq's plans to diversify crude oil export routes amid rising production, including rehabilitating or replacing the Iraq-Syria export pipeline, which was active in […]
By John Lee. Iraq's state-owned Rafidain Bank has announced that it has "completed" 87 percent of its foreign debt obligations through high-level legal and financial negotiations, significantly reducing the country's external liabilities. As part of Iraq's adherence to the Paris Club Agreement and with direct Cabinet approval, the bank concluded major settlements with Dutch and […]
